New Issue: BofA sells $500,000 buffered notes due 2021 tied to S&P indexes

By Kiku Steinfeld

Chicago, July 15 – BofA Finance LLC priced $500,000 of 0% buffered notes due Aug. 12, 2021 linked to the S&P MidCap 400 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Bank of America Corp.

The payout at maturity will be par plus any gain of the lesser performing index, subject to a maximum payout of par plus 5.5%.

Investors will receive par if either index declines by up to 30% and will lose 1% for every 1% that the lesser performing index declines beyond 30%.

BofA Securities, Inc.is the selling agent.

Issuer:	BofA Finance LLC
Guarantor:	Bank of America Corp.
Issue:	Buffered notes
Underlying indexes:	S&P 500 and S&P MidCap 400
Amount:	$500,000
Maturity:	Aug. 12, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any gain of the lesser performing index, subject to a maximum payout of par plus 5.5%; par if either index declines by up to 30%; 1% loss for every 1% that the lesser performing index declines beyond 30%
Initial levels:	3,152.05 for S&P 500, 1,748.61 for MidCap 400
Buffer levels:	2,206.44 for S&P 500, 1,224.03 for MidCap 400, 70% of initial levels
Pricing date:	July 9
Settlement date:	July 13
Selling agent:	BofA Securities, Inc.
Fees:	0.25%
Cusip:	09709TJ51

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